01768cas a2200241 a 4500 AALejournalIMF002357 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451830989 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Peru : Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (87 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines Peru's 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and a Request for Modification and Waiver of Performance Criteria. The fiscal policy was tightened in early 2002 from the expansionary stance in the second half of 2001. The baseline medium-term outlook is favorable, albeit not without risks. Assuming sound macroeconomic policies and structural reforms continue, Peru should be able to achieve medium-term growth of 5 percent. However, the domestic political situation contains clear risks, potentially holding up tax reform and undermining fiscal discipline. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/072 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/072/002.2003.issue-072-en.xml IMF e-Library